Friday, September 21, 2012

Short Takes: Mortgage-Breaking Costs, New Mutual Fund Disclosure Rules, and more

Lenders can really stick it to you if you have to break your mortgage. Take a look at this list of some of the exciting ways that lenders pump up mortgage-breaking penalties. If you think you’re safe because you have a variable mortgage, you’d better take a look. The bottom line is that you should really understand your mortgage contract before signing.

Steadyhand is one fund company with a positive view of the new disclosure rules for mutual funds coming from the Canadian Securities Administrators (CSA).

Larry MacDonald makes a strong case that a lasting solution to the battle between teachers’ unions and governments is a voucher system that allows parents to bring their share of school funding to the school of their choice. I would love to see a system that subjects teacher pay to market forces. Any system that brings higher pay for good teachers and lower pay (or no pay) for poor teachers would be a big benefit.

Canadian Couch Potato explains foreign withholding taxes. This subject is likely more complex than you realize.

The Blunt Bean Counter explains why your net worth statement may look a lot better than it really is.

Big Cajun Man takes a run at defining what it means to be debt-free. It’s not quite as simple as it seems.

Million Dollar Journey explains housing co-ops.

My Own Advisor explains his approach to saving money on car insurance.


  1. Yes, it seems an easy term, but lots of folks want to add caveats and riders to it, much like an Omnibus bill in the house of commons... have a great weekend

  2. Thanks for the mention! Always appreciated Michael.